The CFTC Rewrite for Parts 43/45/49 is to be finalised next month by the passing of the bill by Congress. It is now expected an 18 month window will exist before the enacted Compliance Date.
End of UK-EU transition period. Amazing really.
The Financial Stability Board (FSB) recommends that regulators implement the CPMI-IOSCO Unique Transaction Identifier (UTI) Technical Guidance to take effect no later than December 31, 2020.
Application of the mandatory systematic internaliser (SI) regime for derivatives under MiFID II / MiFIR, i.e. pre-trade transparency requirements and supply of the Financial Instruments Reference Data System (FIRDS) on derivatives subject to the mandatory SI regime based on ESMA calculations (to be published on of August 1, 2020).
1st Sept 2020 Initial margin pushed out 12 months to Sept-2021. Initial margin requirements apply under US PR, US CFTC, EU, Japanese, Hong Kong (HKMA & SFC) and Korean margin rules to Phase 5 entities
On January 1, 2019, the revised APRA Prudential Standard APS 221 Large Exposures takes effect (with a 1 year transition period for groups of connected parties and structured vehicles).
September 30, 2018 will be the expiry of certain components of ASIC Corporations (Derivative Transaction Reporting Exemption) Instrument 2015/844, which provides relief to reporting entities from reporting exchange-traded derivatives, entity/name information, FX securities conversion transactions and identity information in relation to historical reportable positions.
Not till April 1st, 2020 will we see UTI “share and pair” requirements take effect for Australia and Singapore. That’s a decent deferral, so everyone be ready with fully integrated solutions to cater for it!
Compliance Date: September 1, 2018 Initial margin requirements apply under US PR, CFTC, Canada, Japanese, EU, Singapore, Hong Kong and Australian margin rules to Phase 3 entities. Let G20 Solutions assist you in meeting these changes.
Compliance Date: September 1, 2020 Initial margin requirements apply under US PR, CFTC, Canada, Japanese, EU, Singapore, Hong Kong and Australian margin rules to Phase 5 entities. Let G20 Solutions assist you in meeting these changes.